Campbell’s Q4 sales miss; FY27 adjusted EPS guidance below estimates

Campbell’s Co on Thursday reported worse-than-expected fourth-quarter sales and issued fiscal 2027 adjusted EPS guidance below estimates. Adjusted EPS was 39 cents, in line with estimates, while sales came in at $2.137 billion, missing the $2.146 billion consensus estimate. For fiscal 2027, Campbell’s expects adjusted EPS of $1.65 to $1.80, below the $1.85 analyst estimate. The company said organic net sales in Meals & Beverages are expected to decline about 3% at the midpoint in the first quarter and that performance should remain relatively consistent through the year.

Chief Executive Officer Mick Beekhuizen said fourth-quarter and fiscal 2026 results reflected top-line softness and inflation-driven margin headwinds, adding that the company is taking decisive action to improve performance. Campbell’s shares fell 2.9% to $21.48 on Friday. Jefferies analyst Scott Marks kept a Hold rating and cut the price target from $22 to $20. Barclays analyst Andrew Lazar kept an Underweight rating and cut the UBS analyst Peter Grom kept the stock at Sell and lifted the price target from $18 to $19.

RBC Capital analyst Nik Modi kept the stock at Sector Perform and cut the price target from $21 to $19.